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Silver Sands Closes Private Placement and Debt Settlement
TMX Newsfile· 2026-02-13 22:59
Core Viewpoint - Silver Sands Resources Corp. has successfully closed a private placement financing and entered into debt settlement agreements to strengthen its financial position and support operational activities [1][3][4]. Financing Details - The company issued 6,499,333 Units at a price of $0.075 per Unit, resulting in gross proceeds of approximately CAD 487,449.98 [1]. - Each Unit consists of one common share and one-half of a transferable share purchase warrant, with each whole warrant exercisable at $0.15 per common share for 24 months [1]. - A finders fee of 7% was paid, totaling CAD 20,571.25 in cash, along with the issuance of 274,283 non-transferable finders warrants [2]. Debt Settlement - The company settled debts with three directors and the corporate secretary by issuing 2,365,000 Units at a deemed price of $0.075 per Unit, addressing a total indebtedness of CAD 177,375.00 [3]. - Similar to the private placement, each Unit in the debt settlement consists of one common share and one-half of a transferable share purchase warrant [3]. Use of Proceeds - The proceeds from both the private placement and debt settlement will be utilized for general working capital and property investigation [4]. - A total of 8,864,333 common shares and 4,432,166 Warrants will be subject to a hold period until June 14, 2026 [4]. Company Overview - Silver Sands Resources Corp. is engaged in mineral exploration and acquisition of mineral property assets in mining-friendly jurisdictions, focusing on developing economic precious and base metal properties [5].
North American Niobium and Critical Minerals Corp. Announces Corporate Development
Globenewswire· 2026-02-13 22:30
Core Insights - North American Niobium and Critical Minerals Corp. has entered into a marketing services agreement with Gold Standard Media for three months, compensating GSM with US$350,000 [1] - The company focuses on the acquisition and development of precious, base, and critical mineral assets, including properties in British Columbia and Quebec [2] Company Overview - North American Niobium and Critical Minerals Corp. is engaged in mineral exploration, with a portfolio that includes the Silver Lake property in British Columbia and a newly acquired land package in Quebec [2] - The Quebec properties enhance the company's exposure to rare earth elements, niobium, and nickel-copper occurrences, which are critical for energy and defense applications [2]
Discovery Harbour Resources Announces Agreement for Sale of Shares
Thenewswire· 2026-02-13 22:00
Core Viewpoint - Discovery Harbour Resources Corp. has entered into an agreement to sell its minority shareholding in UVAD Technologies Inc. for proceeds of $297,000, indicating a strategic divestment from a non-core investment asset [1][2]. Group 1: Transaction Details - The sale of shares is valued at $297,000 and is classified as an arm's length transaction, meaning it is conducted between parties with no prior relationship [1][3]. - The shares were originally acquired in 2011 as part of a debt settlement and are considered a passive investment unrelated to the company's current focus on mineral properties [2]. - The transaction is subject to approval from the TSX Venture Exchange and requires disinterested shareholder approval along with other customary closing conditions [3]. Group 2: Company Focus - Discovery Harbour Resources Corp. is primarily engaged in sourcing, exploring, and developing mineral properties in mining-friendly jurisdictions, highlighting its commitment to its core business [2].
Silver Elephant Closes Second and Final Tranche of Non-Brokered Private Placement
TMX Newsfile· 2026-02-13 21:50
Core Viewpoint - Silver Elephant Mining Corp. has successfully closed the second and final tranche of its non-brokered private placement, raising a total of $825,000 from the sale of units at a price of $0.25 per unit [1][2]. Group 1: Private Placement Details - The second tranche raised gross proceeds of $260,000 through the sale of 1,040,000 units, bringing the total raised from both tranches to $825,000 [1]. - Each unit consists of one common share and one share purchase warrant, allowing the holder to purchase an additional share at $0.32 for three years [2]. - The company issued 28,000 finder's units to eligible finders, with the same terms as the warrants in the units [2]. Group 2: Insider Participation - Three insiders subscribed for a total of $85,000, which is classified as a related party transaction under Multilateral Instrument 61-101 [3]. - The company relied on exemptions from formal valuation and minority shareholder approval requirements, as the insiders' participation did not exceed 25% of the fair market value of the company's market capitalization [3]. Group 3: Use of Proceeds and Regulatory Information - Proceeds from the private placement are intended for general corporate purposes [4]. - The securities issued will be subject to a regulatory hold period of four months plus one day from the date of issue [4]. Group 4: Company Overview - Silver Elephant Mining Corp. is focused on the development of its silver-lead-zinc project in Bolivia [6].
Dolly Varden Silver Announces Filing of Special Meeting Circular and Receipt of Interim Order in Respect of Previously Announced Arrangement with Contango ORE
TMX Newsfile· 2026-02-13 21:30
Core Viewpoint - Dolly Varden Silver Corporation is moving forward with a statutory arrangement with Contango ORE, Inc., requiring shareholder approval at an upcoming special meeting [1][4]. Meeting Details - The special meeting of shareholders will take place on March 17, 2026, at 10:00 a.m. Vancouver time, at the offices of Stikeman Elliott LLP [3]. - Shareholders are encouraged to vote before the proxy voting deadline of March 13, 2026, at 10:00 a.m. Vancouver time [3]. The Arrangement - Under the arrangement, Contango will acquire all issued and outstanding common shares of Dolly Varden, with shareholders receiving 0.1652 of a Contango share for each Dolly Varden share held [4]. - Eligible Canadian shareholders may opt for 0.1652 of an exchangeable share in a Canadian subsidiary of Contango [4]. - The arrangement requires approval from at least 66 2/3% of the votes cast by Dolly Varden shareholders at the meeting [4]. Board Recommendation & Rationale - The board of directors unanimously recommends that shareholders vote in favor of the arrangement, citing various reasons including voting support agreements with directors, officers, and large shareholders who collectively own approximately 22% of the outstanding shares [5][10]. About Dolly Varden Silver Corporation - Dolly Varden Silver Corporation is focused on advancing its 100% held Kitsault Valley Project in British Columbia, which includes the Dolly Varden and Homestake Ridge Projects [7]. - The company has consolidated around 100,000 hectares of prospective tenure in the Golden Triangle, which includes five past-producing high-grade silver mines [7]. - The Kitsault Valley Project is considered prospective for further precious metal deposits and contains properties that may host copper and gold mineralization [7].
Axo Copper Announces Filing of Final Short Form Prospectus
Globenewswire· 2026-02-13 18:12
Core Viewpoint - AXO Copper Corp. has filed a final short form prospectus for a bought deal public offering of units, aiming to raise gross proceeds of $35 million, with the potential to increase to $40.25 million if the underwriters' option is fully exercised [1][2]. Group 1: Offering Details - The offering price is set at $0.70 per unit, with each unit consisting of one common share and one-half of a common share purchase warrant [1]. - Each warrant allows the holder to acquire one common share at a price of $1.00 for a period of 18 months following the closing of the offering [1]. - The underwriters have an option to purchase up to an additional 15% of the offering, which could raise an additional $5.25 million if fully exercised [2]. Group 2: Regulatory and Listing Information - The offering is being conducted in all provinces of Canada except Quebec and is compliant with applicable securities laws [3]. - The closing of the offering is expected around February 19, 2026, and the TSX Venture Exchange has conditionally approved the listing of the common shares to be issued [3]. Group 3: Company Overview - AXO Copper Corp. is a Canadian mineral exploration company focused on the exploration and development of the La Huerta property in Jalisco, Mexico, and the San Antonio gold property in Sonora, Mexico [6].
Spark Delivers Shallow Magnet Rare Earths Up To 33% MREO and Gallium from Surface in All Five Maiden Drill Holes
TMX Newsfile· 2026-02-13 17:16
Core Insights - Spark Energy Minerals Inc. has reported promising results from its maiden Reverse Circulation drill program at the Arapaima Project in Brazil's Lithium Valley, indicating a laterally continuous critical minerals system [1][9]. Rare Earth Elements (REE) Highlights - All five drill holes intersected broad rare earth mineralization, with Magnet Rare Earth Oxides (MREO) comprising up to 33% of Total Rare Earth Oxides (TREO) [2][3][4]. - The consistent mineralization across all holes suggests a coherent and laterally continuous mineralized system rather than isolated high-grade zones [3][8]. Gallium Mineralization - Gallium was intersected from surface in all five holes, highlighting the near-surface character of the system and its strategic importance in advanced technologies [5][12]. - The presence of gallium is significant due to its critical role in semiconductors and other high-tech applications, with global supply being highly concentrated [5][20]. Geological Interpretation - The drilling results support the interpretation of a coherent and vertically developed supergene mineralized system formed through deep tropical weathering of granitic host rocks [9][10]. - The average spacing of approximately 380 meters between drill holes strengthens the interpretation of a laterally continuous mineralized system across a meaningful footprint [7][8]. Strategic Importance of the Arapaima Project - The Arapaima Project is located in Brazil's Lithium Valley, a region gaining international recognition for lithium and critical mineral discoveries, which aligns with global supply chain diversification efforts [17][18]. - As demand for magnet rare earths and gallium intensifies, Brazil's Lithium Valley continues to attract international attention as a prospective critical minerals district [20].
Analysts Are Bullish on Integra Resources Corp. (ITRG) – Here’s Why
Yahoo Finance· 2026-02-13 16:44
Group 1 - Integra Resources Corp. (NYSE:ITRG) is considered a strong buy penny stock, with price targets set at C$9 by both Stifel and Raymond James, maintaining a Buy rating [1][2] - The company completed a bought deal public offering of 18,121,600 common shares at $3.40 per share, raising aggregate gross proceeds of $61,613,440 [2][3] - The offering was led by Canaccord Genuity Corp. and Stifel Nicolaus Canada Inc., with plans to use the net proceeds for pre-production capital expenditures at the DeLamar Project [3] Group 2 - Integra Resources Corp. is a development-stage company focused on the acquisition, development, and exploration of mineral properties in the Americas [4]
Golden Harp Resources Inc. Receives TSXV Final Acceptance and Closes Acquisition to Create District-Scale Copper Hill Land Package
Accessnewswire· 2026-02-13 13:30
Core Viewpoint - Golden Harp Resources Inc. has successfully completed the closing of an amended and restated mining claims purchase agreement with its control person, Timothy A. Young, following final acceptance from the TSX Venture Exchange [1] Group 1 - The agreement is effective as of November 10, 2025, indicating a strategic move by the company to enhance its mineral exploration activities [1]
Critical One Energy Receives Ontario Government Funding Grant for Howells Lake Antimony-Gold Project Exploration Work
TMX Newsfile· 2026-02-13 11:50
Core Viewpoint - Critical One Energy Inc. has received official approval for funding under the Ontario Junior Exploration Program to support its Howells Lake Antimony-Gold Project, which is significant for the exploration of critical metals and minerals in Ontario [1][2]. Funding and Project Details - The Ontario Junior Exploration Program (OJEP) grant will assist in offsetting costs related to grassroots mineral exploration projects, specifically focusing on high-potential sites for critical and precious minerals in northern Ontario [2]. - The funding will enable the company to accelerate drilling activities while ensuring responsible exploration practices that prioritize community engagement and ecological stewardship, with enhanced activities expected to commence in spring 2026 [3][4]. Project Significance - The Howells Lake Project is one of Canada's largest undeveloped antimony systems, with a historical resource of 1.7 million tons at a grade of 1.4% antimony, along with associated gold mineralization [5]. - Historical drilling has shown exceptional grades, including assays up to 75% antimony and over 14 g/t gold, indicating the project's potential to meet North America's growing demand for critical minerals amid supply chain constraints [5]. Company Commitment - The company emphasizes its commitment to transparency and collaboration with local Indigenous communities and stakeholders throughout the project lifecycle [4]. - Critical One Energy Inc. is strategically positioned to leverage its expertise in critical minerals, particularly antimony and gold, to address the rising global demand for these resources [9].